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. this is not so bad. >> we are also waiting for official results from india's state elections. the opposition has be seen at the big winner. beginnal state will counting today. paul's point to the national vote which must be held by may. let's have a look at the prospects of the trading week over there and what happened on friday as well. it was higher by about 0.3%. we could be building on that. a group of investors is said to be considering a bid for the qantas fleet. that would offer the struggling carrier a cash lifeline. let's find out more. is this proposal exactly? i am assuming it is going to be -- >> exactly. these are fairly common transactions in the airline industry. qantas already has a fair amount of its fleet sold, about 2.9 billion according to its latest reports. there is another 7.2 billion there. wooleyoup led by greg has been involved with qantas for a while. been in globally aviation asset management. he was involved with some of the group who was launching the 2007 takeover of qantas. .e has proposed to come forward that would offer qantas a good bit of cash upfront which is
are on track for elections in 2014. i want to mention another thing that was going on at this iiss conference i attended in bahrain. foreign ministers from egypt, qatar, the u.s. secretary of defense chuck hagel, they were talking about u.s. realignment, the realignment of the u.s. in the region. what that means for the gcc countries. as they look to shore up countries with trouble like egypt, the 15 to $20 billion they've invested, they're going to look to broaden their scope in terms of who they're going to be investing in and trying to make sure the gcc is a strong force in the region. >> we'll see what that does for investment attitudes. for now, hadley, thank you so much indeed for that. >>> we'll bring our attention to bio fuels. it could be set to rise after the eu canceled a vote. in october they called for these types of bio fuels to be restricted because of concerns it could lead to food shortages. joining us is kevin mckinney. thanks for joining us. big difference of opinion between the european council and the european commission. why? >> the three original objectives for bio fuels,
parliament and calls for new elections. [chanting] a day of prayer in south africa for nelson mandela and leaders including president obama and three former u.s. presidents expected to attend tuesday's memorial service for the late south african president. >> and a crime was never committed and we stood by that. >> reporter: the san antonio four speaking out, released after 16 years behind bars for a crime they have always maintained they did not commit. ♪ the deep freeze is on, wintry weather and cold temperatures reach the east coast. the weather is disrupting travel nationwide and made some sunday nfl games almost impossible to see. good morning and welcome to al jazeera america, i'm stephanie sy and the storm caused car pile ups in several states and accidents on the pennsylvania turnpike sunday involved almost 60 video as and this shows the long line of cars that came to a halt in morgan town, pennsylvania and we are tracking the storm. what is the latest? >> all of that snow and wind, it is still with us and we are going to continue to see it taking its toll and creating very
the turbines of today... will power us all... into theuture. ♪ ♪ lou: the mayor elected ew york city today surprising a lot of people, naming bill bratton to be the city's next police commissioner, the 66-year-old bratton is a veteran law enforcement official who previously ran the nypd and resilient as demonstration and headed the police department's above los angeles and boston. a new poll from cnn showing support for stricter gun control is fading. just 49 percent now say they back restrictions to the second amendment down six points from the 55 percent who have said they back in control in january. but may be part of the reason that the new york mayor now michael bloomberg, you remember him, gun control group bears against illegal vans, surrendering extreme tactics to push can control. please take a look at their shocking new ad for portrayal of a potential school shooting nine days before the first anniversary of that age and connecticut school massacre. >> on december 14th we will have a moment of silence for newtown. but with 26 more schools shooting since that date, ask yourself, i
's local elections. show the majority of the united socialist party won at least 44% of votes in the mayoral elections. he may get more support after imposing price controls to fight inflation. there are victories in caracas and several other cities. he appeared on tv an average of 90 minutes a day. that is today's latin america report. may be he can fill in for me next time eric is out. we are 26 past the hour. bloomberg is taken you on the markets. let's head to ruby tuesday's. the company has hired goldman to explore a sale according to that wire. they are still down year to date but they are having a bit of positive momentum today. and cisco has agreed to by u.s. foods for 3.5 billion dollars in the largest food distribution deal in north america in over 80 years. -- in over eight years. and the stock is at the highest level since 2004. todayld's is falling after disappointing same-store sales. oneu.s. market makes up third of macdonald's revenues. they were using happy meal treats from frozen may be more people would be in there. when we come back, congress going small. n
way and thinking about re-election. that's not going to be repeated. the emerging markets are in difficulties, as i say, and the result is that german exports at the moment are up from just before the crisis because of exports to emerging markets. so the german export machine is now having difficulties but the emerging markets are in difficulties. >> charles will pick up on this point in just a bit. charles dumas, the chairman of lombard street is staying with us. this is how we're shaping up across european markets this morning. a bit of a mix between the red and the green, but on balance, the gainers have it. we're up about 0.3% on the stoxx europe 600. the german market has been one of the better performers this morning. still a gap to close as we close out the month of november. but nonetheless, the move has been a push higher on the top performance has been the likes of infineon. as we move on to some of the other markets, zurich, we've got some selling in shividon. nestle is under pressure. across the board on balance, you can see on these indices, the xetra dax 0.5%
and bobby cox elected to enter the hall in cooperstown, new york. the three managers winning eight world series championships. induction ceremonies will be held july 27. those are your headlines, now back to lori and adam. lori: we are continuing with our wish list theories with a sweet treat for you today. the co-owner of edwards chocolatier. bring them look at during this holiday season. welcome to you. do you do your highest volume of sales this time of year? >> yes, that is right. many do their biggest volume this time of year, december everybody is out there willing to go the extra mile and picked up the product. i really want to give it at the holiday party. lori: will they be more chocolate consuming this year versus last or prior years? >> we definitely in our business we have noticed there has been an uptick in sales this year. more people are willing to spend a little bit more on the luxury items, we have build ourselves as an affordable luxury so it is something we have done very well this year and we have seen our biggest year, this is my great grandparents started this compa
of the 2014 elections and beyond. >>> as we begin the holiday season, we pay extra attention to pope francis' criticism of capitalism. his apparent view that the state will solve the problems of poverty, not the market. i must say, with the greatest of humility as a devout catholic, i completely disagree with his holiness. all those stories and much more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're here live, 7:00 p.m. eastern, 4:00 p.m. pacific. new obama care enrollment numbers out. there are still glitches everywhere apparently. steve handelsman joins us with the details. >> reporter: the website's better but it doesn't mean it's good. the nbc news estimate is that 100,000 americans in november signed up for coverage using healthcare.gov. that's a much better number than in october. but it's way worse than what a dozen or so state exchanges have signed up. today administration sources said by 5:30 p.m. eastern time, the site had 750,000 visits. it slowed down at times. some people got "please wait" m
looks to make gains in key elections. we'll be in dehli in just over half an hour. >>> and move over, detroit. tensions are moving to other regions drowning in debt, including puerto rico. what it could mean. if you've got any thoughts or comments about anything we're talking about today, e-mail us, worldwide@cnbc.com. the ecb today will be presenting new growth and inflation forecasts alongside the announcement of its latest policy decision. the central bank said it expected a slight rise in inflation in 2014 and '15 and predicated a rise in in inflation across the upper row zone next year. annette is with us now. they cut rates last month. the euro hasn't weakened. we had sharp divergence between germany and france. what do they do now? >> that's a good question, actually, probably. today they won't do anything. we might see more moving towards potential further easing next year. as well, of course, that wouldn't be their first agenda to weaken the euro a little bit towards the dollar. they would never admit that. but it would actually help around the periphery of the eurozone. as
would retire, first elected back in 1978, a member of the senate agricultural committee. cheryl: oh, the farm bill. i think i'm the only person in the building that is fascinated by the farm bill. adam: if i were a park avenue farmer getting government subsidies i might be interested. cheryl: the east coast speaking of the midwest and farmers, east coast is bracing for a blast of winter weather as the storm has been done things to and east through much of the midwest. now heading toward pennsylvania and finally will hit new york and a lot more to come. in the weather center with more on this story. rich: i care about the farm bill. i do. i am on your side on that one. speaking of farmers, rapid city, south dakota, a big blizzard this season and they lost so much livestock and now they have had the cold temperatures across these areas and a lot of cattle ranchers going all the way down across parts of the south. texas desperately needs moisture but they have had the icing variety over the last few days and that is not good at all. high temperatures not just on the planes. you may thi
are waiting for official results from india state elections. the opposition is seen as the big winner. he is ahead in three state polls. they give a pointer to the national vote which much be held by monday. could add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. ha
an election in spring 2015. >> there's always the risk, but if you're looking at a better housing market, better mortgage availability, perhaps a eurozone recovery and stronger growth out in the u.s., you're looking at a number of drivers which should, if anything, gain momentum over the next year, year and a half. if i were the chancellor, i wouldn't want to delay the recovery anymore. i'd want that good news story to filter through in terms of the broader economy but also allow households perhaps more time for their own financial improvements to become more receptable. >> lending was up 5.8 billion. participants made efforts down to 5.5 billion during the third quarter. whatever those figures say. the evidence is actually for lenders having less and less of an impact in terms of what the banks were doing. what does the -- what discussions now at the bank this thursday hinge around? clearly the strength of this recovery? as long as we don't get any average meaningful earnings inflation, actually, will they say it doesn't matter if we trigger -- if we go through the threshold -- they don
and federal exchange have generated more than 230,000 confirmed elections through november 30th. insurers already back logged trying to process the applications, worrying that they won't be able to handle the new surge and get them processed in time for coverage to begin january first. the insurers say they have now fixed the major flaws with the insurance files on healthcare.gov. and they expect that now the process will go more smoothly. they will certainly be put to the test in the days to come. bertha coombs, nightly business reform. >>> and could projected reforms in mexico open up new lucrative opportunities for american companies. but first, a look at international markets today. >>> the supreme court has declined to get involved in the problems between states and on-line retailers about the collections for sales taxes. in a big review, the high court will not review the suit brought by amazon.com and overstock.com. which urges that by wednesday they have the requirement to collect sales taxes even though the sellers are not located in those states. >>> and meanwhile, amazon.com an
for that, especially going into an election year. so in that sense, it's good news for the entire country. in terms of losers, the kinds of fees they are talking about and again, we don't have a final deal are things like higher airline ticket fees, the president had those in the budget. when you look at the budget cuts, not medicare, social security cuts but federal retirement benefits would be cut somewhat so federal workers could be losers to a small degree in the deal. >> john, i want to ask you about president obama's speech today about the nation's growing income divide, but first, let's listen to this clip. >> the idea that a child may never be able to escape that poverty because she lacks a descent education or health care or a community that views her future as their own, that should offend all of us and compel us to action. we're a better country than this. >> so, john, what does the budget have to do with the speech the president gave today? >> well, the president has two goals. one -- the first is do no harm to the economy and if they can get a budget deal, avoid a shut down,
and it could scale back a proposal to allow military tribunals for civilians. election for the minister and prime minister, if everything goes forward, that is the question, could be held later this year. >>> authorities say speed was likely the factor that killed "fast and furious" star paul walker in southern weekend that happened over the weekend. it could be time before police know how fast the porsche walker was riding in. they say looping tire tracks was visible. they are trying to determine if the tire tracks are related to the crash. the driver of the car who also died has been identified as by cnn affiliate roger roadus, he was walker's business partner. >> sad. >>> this morning kansas city police are investigate ago death in the parking lot of arrowhead stadium. this happened as the chiefs were playing the broncos. this is being treated as a homicide. but no arrests have been made. three people are in police custody. police say the victim returned to his car to find a stranger inside it. there was a struggle that followed and that is when the victim, a man in his 20s, collapse
at of some sort? >> the next one for the 2013 elections. thank you. last time i checked the is the commander in chief. and of the executive branch. that is called a leader. that is exactly what he was elected to do, to be the leader. style. once again he is passing the buck. the blame starts with them. >> here is something else that the president said in the same interview, invest in b.c. tweeted this out. lou: i can't wait for this. >> ", government is not somebody else. government is us. we have the capacity to change it. what that tells you is when this president up in his mouth, what comes out is just black bird. you cannot take it seriously. >> that is the foundation of the very strong, pass an income and personal philosophy. >> well, in a way it is between of the president wants not to eliminate government departments some of them should be. the thing so why does he propose that we not eliminate them. we know that we want to increase the size of government, hire more people and give government more power and take it away from congress or if congress does not go along, the federal gover
elected to the baseball hall of fame along with joe torre and bobby cox. >> awesome. >> it just came in. sal, i know you are aware of that. but you know about our traffic mess on highway 4. >> brilliantly said. i was watching both. i have good news on highway 4. highway 4, the lanes have opened. however, the backup here live from newschopper2 is just ridiculous. it is backed up all the way to antioch and then people say that's normal. this is not normal. this is much busier than it normally is. so you get on the road even all of the lanes are opened, you will be in traffic. you should probably double your commute time. normally it takes you about maybe 40 minutes to get through this. today it will take you more than an hour and i'm just -- i'm trying to be conservative here. hopefully i will be a little bit wrong on the plus side. maybe it won't take you that long. but i'm not that optimistic. i've been doing this a long time. i have to tell you, traffic is very slow. let's take a look at the bay bridge toll plaza. this is a 20 to 25-minute delay. no problems getting onto the upper deck
the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it comes to the supply side of the uk housing market, it really is down to things like change, having a look at the green belt legislation, trying to, you know, incentivize local authorities to watch the yen gauge
-- elected by the people. >> even president clinton thinks we have done damage in the ?nternational community >> i would not call the president wrong in his beliefs. i think he had a great term. i think he had different challenges. i think we have serious international perception problems and trust issues we will have to rebuild. >> i recently sat down with the nsa director. talked about what the nsa could and could not do. he spoke a little bit about the technology involved. i would like everyone to take a quick listen. have great insight into terror risk. if a terrorist is calling into the united states, have you know if that is a good number or bad number? the nsa has the job of figuring out if it is about person calling, and give it to the the eye. this is hyped out in the press. everyone says they must be listening to everything. we are not.eally nonetheless, a ton of bad press of snowdens a result and all the attention. how did they come back this right now? combat this right now? >> the intelligence community as a whole has realized in the wake of this one of the things they are look
of apartheid. he would go on to become the country's first truly democratically elected leader. >> i do hereby promise to be faithful to the republic of south africa. wasorn to a local chief, he one of 13 children and the first member of his family to attend school. he began opposing the white minority a policy of apartheid, laws that segregated society and made colored south africans second-class citizens. byst, mandela was moved gandhi. more aggressive, so did he. as the head of the armed wing of led ational congress, he violent sabotage attacks and was arrested and tried in 1962. he would spend 27 years in jail that he was never forgotten. eventually, international and to sayl pressure led apartheid would be dismantled down the mandela would walk free. rather than seek richer view hising, he reached out to former oppressors trying to heal a divided nation. 1990 three, they shared the nobel peace prize. for fellow south africans and we want them to is crucial toh the contribution they have made towards a democratic party. >> he voted for the first time in 1994 with millions of his fellow bla
's. when he got re-elected at 72 or 74, 76, something like that, there was a question when he was running is that too old? there's some senators that go to -- >> i want them to drag me out of the box. >> you're 33 years old. >> i still want them to drag me out of the box. >> they will. we don't know where you'll be by then. you're on a fast track. you are. you're a climber and you're very ambitious. >> it's hard work. >> did you see google today? >> no. >> who is this person? >> what is this? >> my computer doesn't work today. i can't see zblig she was a computer programmer. grace happa. i want to run -- happa. see her? happa. >> from the ads. >> her name is happa. >> she was a scientist. >> i never heard of her before. >> pioneer in the field. >> that doesn't mean anything. >> have you ever heard of her? >> i haven't. >> will you say that for me. >> harper. >> harper. >> when we come back, the ceo of one of the best ipos will join us on set. the stock is up 40% since may. we'll unveil the country. >>> plus, sunshine, tourism and tax breaks. florida governor rick skotd will join us on set
from you. >> yes of course. of course. adam: you think the midterm elections everyone is talking about that, we'll see this rhetoric get ramped up even worse? >> good question. the president has other big fish on his -- one of the, politicians love diversions. we have obamacare which is obviously blowing up, right? adam: he needs a diversion. what better than favorite whipping boy. >> jamie dimon. maybe squeeze another 13 billion out of jamespy and -- jamie and everybody will forget about obamacare. i have to go to lunch. adam: enjoy. >>> new parents going back to their roots when it comes to naming their kids. baby center.com unveiled the top 100 baby names in 2013. >> anthony on that list? adam: no. coming in at number three, liam. >> how about vito? adam: no. last year's top name, aden, dropped to number two. top boy's name for eight straight years. what was other one. >> tony. adam: tony is on there i think. taking top spot for most popular boy's name, jackson. for girls, third most popular is olivia. coming number two, emma. what is miss germany's name? >> eileen. adam: not on the
it was in the election cycle but these young people in 2012, look at obamacare. we see policies so quickly turned against the generation that voted for them in 2012 and you would think i voted in 2004 obama. and the turnaround in 2012 and looking to the student loans? there pushed like predators' on these students. stuart: in the last two presidential elections president obama won an overwhelming plurality of young people's votes for students or youngsters, he won a plurality. do you think there is any chance come 2016, years down the road that situation will be reversed? >> it could be reversed and the lot is incumbent on republicans on making the case, depend on the candidate, the messaging, the outrage, lot of things. stuart: you need republicans to go to universities. >> there was a study that democrats good universities more than republicans and bring in more liberal speakers than republicans and go to the lecture hall every single day kids are getting a liberal perspective and the.. i am taking online classes and running this organization. i have no student loan debt. i am taking online classes, do
elected to redeem their interest in 2013. we will see what happens from here on out but the stock is reacting negaaivey. ashley: taking public transportation to work is about to get more taxing. right now train and bus riders and motorists can get $245 a month in tax breaks but come january public transit riders will see that number cut in half, drivers will get a bigger tax break. dan smith, tax advocate for public interest research group joins us with his beach. joining along with my be. let's get this straight. commuters lose substantial slice of their tax break but motorists are regarded or won't be getting even more. >> exactly right. come january 1st if congress doesn't act, three million people who take public transit to work every day suddenly will see the cost of their trip become more expensive and this doesn't make any sense. it is unfair for people that take public transit to work and it also distorts consumer choices in the worst way possible by using tax code to buy incentive for driving and that means more oil consumption, more people sitting in traffic and more air
particularly because of the shutdown and how that hurt republicans. and it's an election year in 2014, republicans want to talk about obama care, they want to talk about other issues. they think they can beat up on obama and the democrats and don't want to get bogged down by shutdowns and debt limit fights. there's no reason to think stocks are too high because washington's going to kill everything. >> and maybe it was set so low because it was on the floor. >> you can't go much lower than they are. they can clear the bar for expectations which is no shut down. and maybe get the approval ratings in the 10% range, double digits at some point. >> one of the things we've been watching is what the fed's going to do next. how much do you think the fed has been responsible for this. and if the tapering begins, is that really something that takes the steam out of the market? not if it's just based on valuations like you've been talking. >> i have not been of the view that fed-driven liquidity is the sole support under the market. we touched on it a few minutes ago, there are many traditional
commissioner has now been appointed by mayor-elect bill de blasio to lead it again. bratton ran the nypd from 1994 to 1996 under former mayor rudy giuliani. he developed tactics that led to a steep decline in crime. >>> a handwritten manuscript of bruce springsteen's 1975 hit, born to run, sold for $197,000 in auction in new york. the presale estimate was 70 to $100,000. sotheby's says the document a used to be in the collection of springsteen's former manager. that is valuable. those are theenews headlines on the fox business network. now back to tracy. are you a fan? tracy: huge! i could actually recite every line to every song on that album but i won't, then i will -- >> who has time. tracy: i just get enough of that around here. jamie colby, thank you very much. ♪ all right to the special series, gotta have it. no one enjoys holidays more than the kids, the big trick to find toys fun but educational. they stand apart producing learning toys for kids and parents, leapfrog. the ceo joins us. nice good ol' friend of fox. john, good to see you. how are the holidays looking? there is nove it
all the people who thought that the black people in africa who thought that as soon as he was elected, things were going to look much better. they would have houses, cars, that didn't materialize. it was a crazy system that set up before that. >> that would have taken a redistribution. >> they did exactly that. >> mandela was somebody who would personally get involved in all kinds of issues. we're going to be speak, richard branson later this morning. he received a personal phone call from mandela asking him to step in and save some jobs by investing in a company. he's going to talk to us about that. he's somebody who saw the plight, reached out on a personal level and tried to make a difference every day. >> michelle, are you coming back? >> i think so. >> because i want to ask you about the south african economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india
times during the pre-election run for the presidency. now we're finding out that is just not true. gerri: tell me what your reaction was to this. this has been played all day long. it is still shocking. are you surprised at the end of the day these networks are so small that the likelihood of you keeping your current primary care physician, small possibly nonexistent. >> i am not that surprising all. if you look at the design of this legislation, large part of the population will be subsidized. it is not the premium gusts to five subsidies but the kashering . paler nothing out of pocket. the only way insurers have to deal with that because they will use the carious to limit access. we are seeing is in a lot of exchange plans, limited access. and in fact the doctor was correct. you're going to see is the system bifurcate based upon money. gerri: at the end of the day not all doctors are playing along. the doctors in california, some 70 percent of them are boycotting obamacare. they don't want to be a part of the networks. have to say a thing that will hurt care ultimately. what do you thi
there to protect the taxpayer is a lot of times the democrats that the union ves elected, anyway. so you've got no one there to protect the -- >> well, in the past when officials have not wanted to pay up for raises at the time, they say don't worry, we'll take care of you at the pension. 30 years down the road they're not necessarily going to be honored all the time. it's not just the pensioners who are going to feel pain. this is every constituency. >> in the private sectors, they know if they put their company out of business, they're going to still have a job. and cities can't believe this is happening. we would be back to where every single time they're going to think, hey, we can -- >> the rest of the nation is watching what happens in detroit. it's going to be appealed. the union ves said they're going to appeal this decision. but the judge who ruled yesterday said he will not stay his decision awaiting that appeal. when we come back, we'll talk november expectations for the adp jobs report. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it fou
hamid karzai said he won't sign it until after the country's elections from april. >>> the police department picking up pointers from usa today. according to usa today one in four are using a tactic known as tower dunk. >> that means they are tracking the ident and activity of thousands of cell phones, and at least two dozen are using a stingray, a mobile suitcase device used as a fake cell phone device to intercept calls. >>> safety improvements are coming to the railroad in the weak of last week's derail. . the new system will warn engineers of approaching speed reductions and will automatically apply an emergency brake in the speed is not lowered. >>> autopsy results are due in the death of a 16-year-old boy. officials now say first responders used every means possible to try and revive that boy. he went into cardiac arrest. the boy reportedly had an underlying medical condition. his family says he was clear to fly. >>> billy joel and shirley mcclain among those celebrated at kennedy honors. santana and opera serng marty no royo rounded out this lest of honorees. president obam
's mid term election, but you know what? sometimes the republicans are their own worst enemies. let's welcome former republican senator from texas kay bailey hutch chin son. as always, great to see you. i wasn't necessarily referring to you, i was referring to the generic republicans, but here's a point. judiciary committee in the house yesterday reported on by dan millback from the washington post, whispering or spoken word about impeachment. we're going to impeach. i have to listen. steve king, doug collins, blake farenhold, steve stockhold. they're talking about impeaching president obama because they don't like syria and they don't like obama care. i'm thinking that would be the nuttiest, dumbest idea at this point that's possible. what's your take? >> i think that diverts attention from the real issues that every american that has had insurance and that has had a letter from their insurance company canceling that insurance or the people who are really suffering, that's the need that we need to address. >> so you -- talking about it's a diversion that i think takes away from the
and brother ousted in a coup in 2006. critics doubt a new election will come to the opposition. >>> chuck hagel is in pakistan today for meetings with the president sharif and other official. they are will talk about afghanistan and the u.s. drone strikes. the defense secretary hasn't gone to pakistan since january of 2010. >>> a short break here on "early start." >>> this is a crazy story. a newlywed couple charged with police. they did it to prove they could and both are now in jail. >>> questions surrounding the deadly shooting of a college student. why did campus police kill honor student during a traffic stop? it's coming up next. waffle bars... fancy robes... seems every hotel has something to love... so join the loyalty program that lets you earn free nights in any of them. plus, for a limited time, members can win a free night every day. only at hotels.com peoi go to angie's listt for all kinds of reasons. to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find review
know, as elected the next couple of weeks, the thing that there is anything that could be a surprise? don't tell me it's another storm. >> well, yes. a lot more storms, but i think really the bigger story is going to be the when it comes to a seasonal items such as any type of police, sweaters, gloves, snow stuff, we are seeing that they are up over 30, 40 percent over last year just based on whether from just the analytically. cheryl: and started jumping, but that is the concern. we saw some much promotional activity going into this holiday. things giving starts in september and christmas starts in october. those items already discounted? other retailers going to miss that profit trevor? >> well, they certainly are off, but when we look at, some last year, a lot of the staff did not even sell. there were sold after the holiday for 75 percent off. other probably 30 percent off. we're going to see is it will be a lot more cash. for a group like j.c. penney's i mean this is just a perfect storm. they're going to sell more, and it's going to bring hard cash into the business. cheryl: th
. >> he's probably right. don't see the bubble popping until some time in mid-year, after the election after mud slinging starts and fed chairman shift. for the next couple of months, next few months q4/q1, great combination and juice by the feds quantitative easing. i think we rally up march april, may. >> just to quote from adam parker at morgan who's putting together his forecast says something like 6% to 8% earnings appreciation, maybe add 8 -- 3% and a little multiple expansion. that doesn't sound terribly bubbly. >> i don't think we're in a bubble in the sense we're anything like the real estate bubble. i think you're probably somewhere around fairly valued for stocks across the board right now. the question is are earnings going to expand enough and you're going to get a little multiple expansion you talked about to drive stocks higher? we think another double digit gain in 2014 is possible but there will be more volatility. it won't be linear like we've seen over the last couple of years. bubbles happen but trading sideways gets rid of that bubble eff
are looking to 2014, mid-term elections as an opportunity for both sides. they've got to figure it out. >> what are you going to buy? quickly? besides the emerging markets? staying here in the u.s.? >> i think the biggest -- that doesn't happen i think we're okay. emerging markets will be the spot for next year. >> gentlemen, thank you both. good to see you. thanks for joining us today. we'll take a break. come back with the closing countdown for this thursday. in danger of a five-day losing streak overall. so far no up days for the month of december. >>> after the bell, they want $15 an hour. or no one gets a happy meal. fast food workers making their case today for higher wages. one will be joining us, coming up this next hour on the "closing bell." stay tuned. ♪ ♪ ♪ i wanna spread a little love this year ♪ ♪ i wanna spread a little love and cheer ♪ [ male announcer ] this december, remember -- provocative design and exacting precision come together in one powerful package at the lexus december to remember sales event, with some of the best offers of the year on our most
to these people who were elected officials who are no longer elected will play a big role in stopping the next bailout. >> michael? >> i agree with lindsey. we don't want government in this role, period. but when we do have a very real situation that looks like too big to fail across banks and other industries we go through what we went through, the result really wasn't that bad. i don't think goth should be in this role and i don't think we've done anything to fix it. the banks are bigger other things are bigger. we'll have to do it again if we get there again. >> they're trying to write legislation to keep the fed from being able to exercise -- >> that's right, kelly. >> does it make sense? >> there's also more capital, michael. >> yes. >> a lot more regulation for better or worse. i would think given the capitalratios of some of these banks we're away from a t.a.r.p.-like situation -- >> although history after the fact is not that encouraging. we'll leave it there. steve liesman, they've for bringing that news to us. we'll keep eyes on gm shares as government has divested
we elect people, put them on staff? if that's the way it is, i understand. i'm a pragmatic realist. in the end, i would think it's important that somebody reads it before they pass it because i think all the surprises in obama it's not fair to put many public workers back in this kind of gray area again. this is supposed to save $150 billion over the next several decades and all eyes will be focused on illinois because it's the worst and it's trying to get better. back to you, simon. >>> tweet time. jeff bezos reveals they are experimenting with drone-based delivery. the service amazon prime air could be ready in the next four or five years and could carry objects to customers within a ten-mile radius of an amazon distribution center. is it a great idea? what's the worst that could happen? tweet us @squawkstreet. [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those w
tax-- true he's not going along for everything for sure, but then we have an election in 2016 which we'll get a new president and i think whether it's a democrat or a republican you'll find the new president far more amenable to good economic policies than obama and his administration has been. i mean, you could get another clinton-like democrat in there or you could get a reagan republican in there. and you would have a boom that you couldn't imagine how wonderful it's going to be. and that's why i'm really bullish about the stock market. i think the stock market looks at what will be, stuart, not what has been. and when you look to the future, i am very optimistic about change in america. i mean, just look at what's happened with obamacare. i mean, who-- you know it has to collapse, you know it's just built on unsound theory and unsound data, but seeing is actually collapsing before our very eyes is very, very fulfilling and not in the sense that we want it to collapse, but that we know the silly give away themes don't work. stuart: we hear you, i think you're putting a smile on a lo
guarantee him success in the elections. from his perspective, that was going to be russia particularly as the ukraine required financial support which the eu seems unlikely willing to provide. >> if they had been willing to provide that, would the situation have been different? >> potentially. however, russia does hold a number of cards. obviously, ukraine is still very dependent on gas imports from russia and the gas price would have been a crucial consideration in all of this. however, it's clear from what has happened yanukovych miscalculated the extent to which the population is in favor of joining us moving towards the eu. we just got this note coming out from the ukraine finance minister saying can ikiev will back its debt on time. what do you make of that? >> that's clearly a signal to russia that the ukraine is still on side and possibly able to appeal to russia to come forth with distance. at this point, yanukovych has to show concrete evidence of russian support. >> are these protests go to go continue? and what are the implications? >> the protests are likely to continue. sh
this is in serious jeopardy before we get to the midterm elections of being significantly modified if not being repealed. dagen: will be modified in terms of losing your doctor? for example out in california, running his own exchanges, a similar situation if you look at some of the cheaper plans in the exchange california is running where it is not the amount of doctors or different doctors in these plans. people will be in for a shock like you said. >> frankly are the young folks necessary to keep them afloat, will they enroll? a story out the said nearly one out of three people that have signed up on the exchanges information wasn't getting to the insurers, cancellations or duplicates, so are the young folks go to sign up in time and will the insurers have the information they need? connell: thank you very much. dagen: more from detroit. the judge in the detroit bankruptcy ruling the city is eligible for bankruptcy. jeff flock has more from the courtroom. what is going on? jeff: as you might guess, it is being repealed the attorneys. you are live on the fox business network, sir. tell me your
they're just buying tablets. >> on twitter. by the way, twitter has elected margie scar did i no to the board. a former head of the economist group. i think a nokia director in some capacity. so a little diversity of the board. >> hewlett packard doesn't just have diversity. it's a great turn around. >> i think that's always an interesting point. we talk so much about ladies in the top office, but there you've got meg whitman and cathy lesjack and they are running that company. >> and the cfos in this country, i don't mean to be sexist or even recognize gender, but two of the best cfos in the country are women. women who are watching the show are -- or teenagers or those in your 20s, go into finance. there's jobs there. >> when we come back this morning, a live interview with ford's ceo alan mulally as the automaker unveils a new redesigned mustang for 2016. but what about his future at the company? we'll see what happens. we're going to get factory orders and draghi's presser continues. a lot more "squawk on the street" in a moment. . tdd#: 1-800-345-2550 life inspires your t
an election and decide how these issues get resolved. accommodation suggests they will get a deal in the next couple of days. dagen: this is if you have described it to use your words some low hanging fruit. how does this deal come together and what are the chances it does? >> i think it is slightly better than 50% chance it is going to get done. remember, the two chairs negotiating the steel are not here to tell us what they want to get done, they feel confident they will get something done. the issue here is last-minute demands. the republicans think they need some level of entitlement changes to get the rank-and-file members, thre slayer pushing han this changes to hospital spending for medicaid. the democrats pushing for more spending on unemployment insurance possibly inclusion of the minimum wage. all of those make it harder for rank-and-file members to vote for it. so the plan will actually narrow in the next day or so before they come to a deal. that is why they could get $45 billion instead of $65 billion just because they'ry are having so much trouble to come to an agreement on the
opportunity to strike a larger deal. they will not cut a grand bargain. certainly with the election coming up, no way they won't mess with entitlements. if that is the case, then a anll deal loan may be option. at least something they could build off of. >> how do you think the tea party will build on this? >> they will not like some things in this. there are some things in here that not everyone likes. there talking about an aviation can -- security fee. that is one issue. it, but ao not like lot of conservatives and democrats think that is not the right way to approach it. they are talking about tightening entitlement programs. democrats, particularly locally, do not like that. they are also talking about the democrats wanting to extend unemployment benefits. that will be about $25 million. nancy pelosi said this would be a deal killer. she backed off of that a little bit. with this jobs report, there will be questions. is it necessary to extend those again? >> that just makes me wonder, how much hard work has to be done on the democratic side? the easy conclusion to jump to is that paul ry
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